Recommended Games

CDTI: Stock offering terms disclosed.

By Ian Gilson, PhD, CFAThe public offering, with Roth Capital Partners, LLC as sole manager, consists of 1.6 million shares priced at $1.245 and warrants to purchase 0.8 million shares with an exercise price of $1.25. The warrants are immediately exercisable for a period of five years. The underwriters have a 30 day option to acquire 240,000 shares and 120,000 warrants. The offering will be priced on or about July 3, 2013.Clean Diesel Technologies Inc. (CDTI) has also agreed to convert $0.235 million in principle and interest to common stock and to sell $100,000 of common stock to a director, Dr. Lon Bell, in a private placement.A copy of the full research report can be downloaded here >> Clean Diesel Tech ReportPlease visit SCR.Zacks.com for additional information on our research and coverage universe, and Subscribe to receive our articles and reports emailed directly to you each morning.